Steel Prices
Nucor lowers HR price to $900/ton
Written by David Schollaert
July 21, 2025
Nucor is lowering its list price for spot hot-rolled (HR) coil for the first time since May 27.
The steelmaker said in a letter to customers on Monday its consumer spot price (CSP) for HR coil would be $900 per short ton, effective immediately.
The price is down $10/st from last week but flat vs. a month ago.
Nucor said pricing at its West Coast joint venture, California Steel Industries (CSI), would also decline $10/st week over week (w/w) to $960/st.
You can track steel mill price announcements using the calendar on our website.
Charlotte, N.C.-based Nucor also said it would continue to offer HR lead times of 3-5 weeks.
On July 15, SMU assessed spot HR coil prices at $800-910/st, averaging $855/st. A week earlier, on July 9, we pegged HRC lead times between three and six weeks, with an average of 4.5 weeks.
Watch for updated steel prices on Tuesday and the latest mill lead times in Thursday evening’s newsletter.
David Schollaert
Read more from David SchollaertLatest in Steel Prices
US HR prices and imports diverge, 50% S232 drives the gap
Hot-rolled (HR) coil prices in the US declined again last week, while offshore prices increased week over week (w/w).
HR Futures: Rangebound amid muted summer trade
Since the last writing of this article, CME hot-rolled coil (HRC) futures have been largely steady and lifeless, though there’s been some brief bouts of intraday volatility.
SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.
Plate prices slip even as mills officially keep tags unchanged
US plate market participants are not fazed by the constricted nature of the current spot market pricing environment. Right now, they said, mill’s choosing to hold prices from one month to the next makes sense because service centers remain amply supplied and demand is stable. Modest upticks or slips in prices are aligned with most of the participants' expectations right now.
Nucor Plate Group maintains prices for 6th consecutive month
Nucor Plate Group has informed customers that August spot prices will remain flat.